Aggregate Offering definition

Aggregate Offering. Size: $1,750,000,000 Net Proceeds to Issuer before Expenses: $1,728,125,000 Maturity Date: July 15, 2024 Coupon: 5.125% per annum, accruing from June 13, 2014 Offering Price: 100.000%, plus accrued interest from June 13, 2014, if any Interest Payment Dates: January 15 and July 15 First Interest Payment Date: January 15, 2015 Optional Redemption: At any time prior to July 15, 2019, the Issuer may redeem the Notes at its option, in whole or from time to time in part, at a “make whole” redemption price, plus accrued and unpaid interest, if any, to the date of redemption, as set forth in the Preliminary Prospectus Supplement. At any time on or after July 15, 2019, the Issuer may redeem the Notes at its option, in whole or from time to time in part, at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the 12-month period commencing on July 15 of the years set forth below: 2019 102.563 % 2020 101.708 % 2021 100.854 % 2022 and thereafter 100.000 % Optional Redemption with Net Cash Proceeds of Equity Offerings: At any time prior to July 15, 2017, the Issuer may redeem at its option, on one or more occasions, up to 35% of the original aggregate principal amount of the Notes (including the original aggregate principal amount of any Additional Notes) at 105.125%, plus accrued and unpaid interest, if any, to the redemption date; provided that at least 65% of the original aggregate principal amount of the Notes (including the original aggregate principal amount of any Additional Notes) remains outstanding after each such redemption. Change of Control: 101%, plus accrued and unpaid interest, if any, to the Change of Control Payment Date
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Aggregate Offering. Amount: $1,000,000,000 (or a total of $1,150,000,000 if the underwriters exercise their option to purchase up to 3,000,000 additional Corporate Units in full, solely to cover over-allotments). Stated Amount per Equity Unit: $50.00 Public Offering Price: $50.00 per Corporate Unit / $1,000,000,000 total (or $1,150,000,000 total if the underwriters exercise their option to purchase up to 3,000,000 additional Corporate Units in full, solely to cover over-allotments). Estimated Net Proceeds to the Company: The net proceeds from the sale of Corporate Units will be approximately $981 million (or approximately $1,128 million if the underwriters exercise their option to purchase up to 3,000,000 additional Corporate Units in full, solely to cover over-allotments), after deducting the underwriting discounts and commissions but before deducting other estimated offering expenses payable by the Company. Interest Rate on the 2034 RSNs: 4.02% (or $40.20 per year per $1,000 principal amount of 2034 RSN), subject to modification in connection with a successful remarketing as described in the Preliminary Prospectus Supplement. Interest Rate on the 2039 RSNs: 4.02% (or $40.20 per year per $1,000 principal amount of 2039 RSN), subject to modification in connection with a successful remarketing as described in the Preliminary Prospectus Supplement. Comparable Yield for the 2034 RSNs: PPL Capital Funding, Inc. has determined that the comparable yield (as described in the Preliminary Prospectus Supplement) for the 2034 RSNs is 4.66%.
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Examples of Aggregate Offering in a sentence

  • For the avoidance of doubt, the Subscription Price multiplied by the aggregate number of New Shares offered to Eligible Holders shall not exceed the Aggregate Offering Amount.

  • Pledgor shall be in default under the terms of any other documents and instruments relating to the Aggregate Offering, as such term is defined in the NPA.

  • Upon receipt of notices from all applicable Holders to such effect, or if such withdrawal shall reduce the Aggregate Offering Price for the offering of the Registrable Securities to be registered in connection with such Demand Registration below the Minimum Amount, the Company shall cease all efforts to seek effectiveness of the applicable Registration Statement, unless the Company intends to effect a primary offering of securities pursuant to such Registration Statement.

  • The Fund shall pay to Claymore Securities, Inc., in connection with its distribution assistance in connection with the sale of the Common Shares, an amount equal to the lesser of (y) 0.10% of the Aggregate Offering Price and (z) the positive amount by which the Offering Cost Limitation exceeds the actual offering costs of the Fund or, if the actual offering costs of the Fund are equal to or greater than the Offering Cost Limitation, zero.

  • Upon receipt of notices from all applicable Holders to such effect, or if such withdrawal shall reduce the Aggregate Offering Price for the offering of the Registrable Securities to be registered in connection with such Demand Registration below the Minimum Amount, Parent shall cease all efforts to seek effectiveness of the applicable Registration Statement, unless Parent intends to effect a primary offering of securities pursuant to such Registration Statement.

  • Any fractional shares of Common Stock that would be created by such an exercise of Rights will be rounded to the nearest whole share, with such adjustments as necessary to ensure that all of the Offered Shares are issued and the Company receives the Aggregate Offering Amount.

  • The subsequent closing(s) of the purchase and sale of Notes (up to Aggregate Offering Amount) and Warrants under this Agreement (the “Subsequent Closing(s)”) shall take place at a time agreed upon by the Company and the Finder (the date(s) of the Subsequent Closing(s) is hereinafter referred to as the “Subsequent Closing Date(s)”), all of which shall occur in any event no later than October 31, 2010.

  • Aggregate Offering Amount: $250,000,000 ($287,500,000 if the underwriters exercise their option to purchase up to 750,000 additional Equity Units in full).

  • Each Subscription Right will entitle the holder to purchase, at the election of the holder thereof, Rights Shares, on or prior to the Expiration Date, at the Subscription Price, subject to the Aggregate Offering Cap.

  • Aggregate Offering Amount $1,150,000,000 (or $1,300,000,000 if the underwriters of the Offering exercise their option to purchase up to 3,000,000 additional Corporate Units in full).